Taizhou's marine economy has shown a robust start this year, with investments totaling 17.67 billion yuan ($2.43 billion) in major projects during the first quarter, according to Taizhou marine economic development bureau on April 23.

The city has 95 projects designated as major projects for the province's marine industry enhancement, with a planned investment of 33.2 billion yuan. This leads the province in both the number of projects and total investment amounts.

Newly established projects cover sectors such as marine new energy, high-end equipment manufacturing, biomedicine, new materials, island and bay development, and modern fisheries. Projects like drones, intelligent factories, and wind power piles are advancing Taizhou's technological innovation and industrial upgrading.

Science and technology innovation platforms such as the Taizhou Marine Innovation Verification and Transformation Center and the Feilong Lake Science and Technology Innovation R&D Center are fostering a dynamic ecosystem for marine science and technology innovation.

The city has made significant progress in project implementation. The 95 major projects for the province's marine industry enhancement have accumulated investments totaling 10.59 billion yuan, reaching 31.9 percent of the annual plan and ahead of schedule.

"For the second quarter, Taizhou aims to accelerate the marine economy by focusing on industry development, platform enhancement, and project execution. Our goal is to achieve an 80 percent project commencement rate, complete over 50 percent of annual investments, and exceed GDP growth rates with the marine economic production value," said Qiu Huanqing, deputy director of Taizhou marine economic development bureau.